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Latest Forum Topics / Riverstone    Last:0.89    -0.005  Post Reply
Riverstone

sfw2124
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09-Oct-2025 21:16     
 
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Verification of Riverstone Holdings UOB Kay Hian Research Report



The article content is confirmed as accurate and supported by multiple credible sources.  UOB Kay Hian analyst Heidi Mo has indeed raised Riverstone Holdings' target price to 98 cents from 71 cents, driven primarily by AI-related demand.

Key Facts Verified

UOB Kay Hian Analyst and Target Price Update



  • Analyst: Heidi Mo, verified Investment Research Analyst at UOB Kay Hian since October 2022


  • Target Price Revision: Raised from S$0.71 to  S$0.98  on October 7, 2025


  • Valuation Multiple: Applied 20x FY2026 earnings (up from 16x FY2025)

Executive Leadership Confirmed



  • Wong Teek Soon: Verified as Executive Chairman & Chief Executive Officer of Riverstone Holdings


  • Company founding: Wong co-founded Riverstone in 1989 and has been executive chairman since 2005

Financial Metrics Validated



  • Net Cash Position: RM602.3 million as of June 30, 2025 (down from RM715.1 million at year-end 2024)


  • Q3 2025 Volume Growth: Management expects  10% quarter-on-quarter volume growth


  • Dividend Track Record: Company has consistently paid out  over 100%  of earnings in FY2022-FY2024

AI and Data Storage Demand



The article' s claims about AI-driven demand are supported by broader industry trends:


  • Global AI data centers market  expected to grow at 28.34% CAGR from 2025-2034


  • Data center power demand  projected to increase 165% through 2030 due to AI


  • Riverstone specifically expects  stronger contributions from cleanroom glove segment  driven by data centers and AI-related industries

Dividend Projections



  • 2026 Dividend Yield: Mo' s forecast of  7.3% attractive yield  aligns with analyst expectations


  • Current Yield: Trading at approximately 8.9% dividend yield based on recent payouts

Valuation Comparison



  • Current Trading Multiple: 15x FY2026 earnings, representing a  40%+ discount  to peers trading at 26x


  • Peer Comparison: Confirmed trading at significant discount despite superior dividend yield

Tariff Impact Assessment



Mo' s analysis of minimal tariff impact on medical consumables is consistent with:


  • Medical gloves sold  FOB (Free on Board), transferring tariff burden to buyers


  • US tariffs typically exclude essential medical consumables

Source Credibility



  • Multiple verification sources: MarketScreener, SGX filings, UOB Kay Hian official research, LinkedIn profiles


  • Consistent reporting: Same information across independent financial news outlets


  • Recent timing: Research report published October 7-8, 2025


Conclusion: The article accurately reflects UOB Kay Hian' s latest research on Riverstone Holdings, with all key claims substantiated by official company filings and analyst reports. Verified by Perplexity AI but also DOODD

Joelton      ( Date: 09-Oct-2025 11:08) Posted:

Riverstone jump on UOB Kay Hian' s higher target price of 98 cents led by AI-end demand
 
Heidi Mo of UOB Kay Hian, citing end demand from AI-related activities, has raised her target price for rubber glove maker Riverstone Holdings from 71 cents to 98 cents.
 
Riverstone, led by executive chairman Wong Teek Soon, expects 10% q-o-q volume growth in 3QFY25, supported by stronger demand from the semiconductor and AI-driven data-storage industries.
 
Customers such as Seagate and Western Digital are increasing output of hard disk drives and NAND devices, which in turn is lifting glove consumption, says Mo.
 
Besides the electronics segment, Riverstone is seeing margins for its healthcare segment to edge up too, as the company avoids low-margin orders.
 
US tariffs on pharmaceutical goods will not cover medical consumables such as gloves.
 
" Even if related costs arise within the supply chain, they would likely be absorbed by distributors or healthcare providers, given the essential and low-value nature of gloves. Hence, we expect the impact of the tariffs on Riverstone&rsquo s earnings to be minimal, and the policy&rsquo s push for US pharmaceutical onshoring may even lift long-term cleanroom demand," says Mo.
 
She notes that Riverstone, backed by strong net cash of RM602 million, has built up a strong dividend track record, consistently paid out more than 100% of its earnings in the preceding FY2022 to FY2024.
 
With scant capex requirements, Riverstone has ample flexibility to sustain high payouts, which by extension provides strong support for the stock, even as quarterly earnings recovery remains gradual. Mo estimates the dividend yield for 2026 will be an " attractive" 7.3%.
 
However, she has applied a higher valuation multiple of 20x FY2026 earnings, up from 16x FY2025, to reflect Riverstone' s competitive advantage in cleanroom gloves, superior profitability vs peers, strong balance sheet, and dividend payout policy, thereby leading to a higher target price of 98 cents.
 
Riverstone, trading at 15 x FY2026 now, is at a discount of more than 40% off the 26x fetched by its peers, even though it gives a better yield.
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Joelton
Supreme
09-Oct-2025 11:08     
 
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Riverstone jump on UOB Kay Hian' s higher target price of 98 cents led by AI-end demand
 
Heidi Mo of UOB Kay Hian, citing end demand from AI-related activities, has raised her target price for rubber glove maker Riverstone Holdings from 71 cents to 98 cents.
 
Riverstone, led by executive chairman Wong Teek Soon, expects 10% q-o-q volume growth in 3QFY25, supported by stronger demand from the semiconductor and AI-driven data-storage industries.
 
Customers such as Seagate and Western Digital are increasing output of hard disk drives and NAND devices, which in turn is lifting glove consumption, says Mo.
 
Besides the electronics segment, Riverstone is seeing margins for its healthcare segment to edge up too, as the company avoids low-margin orders.
 
US tariffs on pharmaceutical goods will not cover medical consumables such as gloves.
 
" Even if related costs arise within the supply chain, they would likely be absorbed by distributors or healthcare providers, given the essential and low-value nature of gloves. Hence, we expect the impact of the tariffs on Riverstone&rsquo s earnings to be minimal, and the policy&rsquo s push for US pharmaceutical onshoring may even lift long-term cleanroom demand," says Mo.
 
She notes that Riverstone, backed by strong net cash of RM602 million, has built up a strong dividend track record, consistently paid out more than 100% of its earnings in the preceding FY2022 to FY2024.
 
With scant capex requirements, Riverstone has ample flexibility to sustain high payouts, which by extension provides strong support for the stock, even as quarterly earnings recovery remains gradual. Mo estimates the dividend yield for 2026 will be an " attractive" 7.3%.
 
However, she has applied a higher valuation multiple of 20x FY2026 earnings, up from 16x FY2025, to reflect Riverstone' s competitive advantage in cleanroom gloves, superior profitability vs peers, strong balance sheet, and dividend payout policy, thereby leading to a higher target price of 98 cents.
 
Riverstone, trading at 15 x FY2026 now, is at a discount of more than 40% off the 26x fetched by its peers, even though it gives a better yield.
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Sgvale
Supreme
04-Aug-2025 13:02     
 
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 Alert Admin 		Ready to charge up soon.
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Tob231
Elite
04-Aug-2025 09:54     
 
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 Alert Admin 		It is going to amazingly superb. Be steadfast 

Shareandstocks      ( Date: 01-Mar-2021 16:31) Posted:


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eddyeddy
Master
04-Aug-2025 09:48     
 
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 Alert Admin 		I just guess the result of the 2q should be almost similar to that of the 1q .
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eddyeddy
Master
04-Aug-2025 09:42     
 
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 Alert Admin 		Added some @0.69 .
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msksmsks
Supreme
29-Feb-2024 10:54     
 
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 Alert Admin 		Hi Joelton

Can u redirect yr posting to Riverstone ( Go Go Go) thread.

Tku 

Joelton      ( Date: 29-Feb-2024 10:35) Posted:

Riverstone&rsquo s Q4 net profit rises 60.7% to RM67.5 million recommends special dividend
 
RIVERSTONE Holdings : AP4 -2.03% delivered a 60.7 per cent jump year on year (yoy) in net profit to RM67.5 million (S$19.1 million) for the fourth quarter to December, as a dip in costs more than offset a cut in revenue.
 
The Malaysian glove maker posted a 2.3 per cent yoy decline in revenue at RM229.8 million for the period, based on the financial results it posted on Wednesday (Feb 28).
 
But Riverstone managed to lower cost of sales by 15.5 per cent and operating costs by 49.7 per cent compared to the corresponding period in 2022, because of lesser sales activities, reduced performance incentives and the strengthening of the US dollar against the ringgit.
 
Thus, the manufacturer of cleanroom gloves and healthcare gloves was able to turn in a higher bottom line.
 
Flush with cash, Riverstone has, on a per-share basis, recommended a special interim dividend of 5 sen and proposed a final dividend of 7.5 sen for FY2023, with the latter subject to shareholders&rsquo approval at its annual general meeting.
 
These dividends and the earlier distributed interim dividend of 10 sen translate to a 151.3 per cent payout ratio based on its FY2023 net profit.
 
&ldquo In view of our strong cash balance and healthy operating cash flow, Riverstone strives to continue rewarding our shareholders as part of our capital management strategy,&rdquo the company said in a press statement for the financial results.
 
Riverstone was in a net cash position as at end-December, with RM875.4 million in cash and deposits, while its total liabilities amounted to only RM143.7 million.
 
In FY2022, Riverstone paid out a special dividend of 8 sen, an interim dividend of 16 sen and a final dividend of 10 sen or 34 sen in total per share.
 
For the full year, Riverstone&rsquo s net profit declined by 29.9 per cent to RM220.4 million, as revenue slid 27.4 per cent to RM914.8 million due to lower average selling price and volume.
 
Earnings per share stood at 14.87 sen for FY2023, lower than 21.21 sen for FY2022. Net asset value per share was RM1.13 as at end-December 2023, compared to RM1.25 as at end-December 2022.
 
Riverstone chief executive Wong Teek Son said: &ldquo We are pleased to see gradual upticks over the course of FY2023 due to our successful diversification strategy. The introduction of more customised healthcare gloves and the acquisition of new customers have more than cushioned some of the challenges faced in other product categories in the past year.&rdquo
 
With an expanded customer base and a stronger cleanroom gloves segment driven by gradual recovery in consumer electronics demand, Riverstone is sanguine about its prospects for FY2024.
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Joelton
Supreme
29-Feb-2024 10:35     
 
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Riverstone&rsquo s Q4 net profit rises 60.7% to RM67.5 million recommends special dividend
 
RIVERSTONE Holdings : AP4 -2.03% delivered a 60.7 per cent jump year on year (yoy) in net profit to RM67.5 million (S$19.1 million) for the fourth quarter to December, as a dip in costs more than offset a cut in revenue.
 
The Malaysian glove maker posted a 2.3 per cent yoy decline in revenue at RM229.8 million for the period, based on the financial results it posted on Wednesday (Feb 28).
 
But Riverstone managed to lower cost of sales by 15.5 per cent and operating costs by 49.7 per cent compared to the corresponding period in 2022, because of lesser sales activities, reduced performance incentives and the strengthening of the US dollar against the ringgit.
 
Thus, the manufacturer of cleanroom gloves and healthcare gloves was able to turn in a higher bottom line.
 
Flush with cash, Riverstone has, on a per-share basis, recommended a special interim dividend of 5 sen and proposed a final dividend of 7.5 sen for FY2023, with the latter subject to shareholders&rsquo approval at its annual general meeting.
 
These dividends and the earlier distributed interim dividend of 10 sen translate to a 151.3 per cent payout ratio based on its FY2023 net profit.
 
&ldquo In view of our strong cash balance and healthy operating cash flow, Riverstone strives to continue rewarding our shareholders as part of our capital management strategy,&rdquo the company said in a press statement for the financial results.
 
Riverstone was in a net cash position as at end-December, with RM875.4 million in cash and deposits, while its total liabilities amounted to only RM143.7 million.
 
In FY2022, Riverstone paid out a special dividend of 8 sen, an interim dividend of 16 sen and a final dividend of 10 sen or 34 sen in total per share.
 
For the full year, Riverstone&rsquo s net profit declined by 29.9 per cent to RM220.4 million, as revenue slid 27.4 per cent to RM914.8 million due to lower average selling price and volume.
 
Earnings per share stood at 14.87 sen for FY2023, lower than 21.21 sen for FY2022. Net asset value per share was RM1.13 as at end-December 2023, compared to RM1.25 as at end-December 2022.
 
Riverstone chief executive Wong Teek Son said: &ldquo We are pleased to see gradual upticks over the course of FY2023 due to our successful diversification strategy. The introduction of more customised healthcare gloves and the acquisition of new customers have more than cushioned some of the challenges faced in other product categories in the past year.&rdquo
 
With an expanded customer base and a stronger cleanroom gloves segment driven by gradual recovery in consumer electronics demand, Riverstone is sanguine about its prospects for FY2024.
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Shareandstocks
Member
01-Mar-2021 16:31     
 
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Riverstone leaving no stone unturned as it beats expectations for 4Q20: Analysts

https://www.shareandstocks.com/riverstone-leaving-no-stone-unturned-as-it-beats-expectations-for-4q20-analysts-the-edge-singapore/
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